Single women with personal wealth more likely to become entrepreneurs than men

30-Aug-2016Single women with personal wealth more likely to become entrepreneurs than men

University of Stirling

A new economic study by the University of Stirling and Royal Holloway, University of London has found evidence that there is a big difference in cash flow problems faced by men and women in the UK. They found single women face more severe constraints to their incomings and outgoings, but that those single women whose personal wealth increases unexpectedly through an inheritance are more likely to start a new business than their male counterparts.

It is difficult for an aspiring entrepreneur, or current business owner, to obtain the funds necessary to start a business or expand an existing one. Labour Force Surveys show that from 2009 to 2014, the proportion of men in self-employment increased by 6 per cent. Over the same period, the proportion of self-employed females jumped by a remarkable 22 per cent.